Brixmor Property Group (NYSE:BRX) Stock Rating Upgraded by Jefferies Financial Group

Brixmor Property Group (NYSE:BRX) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Friday, MarketBeat.com reports. The firm presently has a $33.00 target price on the real estate investment trust’s stock, up from their previous target price of $28.00. Jefferies Financial Group’s price target indicates a potential upside of 19.24% from the stock’s previous close.

Several other research firms have also commented on BRX. Mizuho increased their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp boosted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Scotiabank lifted their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Tuesday, February 11th. Finally, Truist Financial boosted their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.87.

Brixmor Property Group Trading Down 1.6 %

NYSE BRX opened at $27.68 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s fifty day moving average is $27.12 and its two-hundred day moving average is $27.47. Brixmor Property Group has a one year low of $20.80 and a one year high of $30.67. The firm has a market cap of $8.36 billion, a PE ratio of 25.63, a P/E/G ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Analysts expect that Brixmor Property Group will post 2.14 earnings per share for the current year.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board boosted its position in shares of Brixmor Property Group by 6.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock valued at $216,930,000 after purchasing an additional 467,146 shares in the last quarter. Invesco Ltd. boosted its stake in Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after purchasing an additional 2,180,541 shares during the period. Geode Capital Management LLC raised its stake in Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock valued at $157,450,000 after purchasing an additional 38,911 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brixmor Property Group by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after purchasing an additional 159,388 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Brixmor Property Group by 96.2% in the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock valued at $135,590,000 after purchasing an additional 2,388,264 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.